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These types of loans come without the hurdles of those offered by a bank, and there can be other tangible benefits as. Let’s say our overachieving-yet-cash-strapped grad wants to buy a $300,000.
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The six-per-month limit applies to these types of savings account. it would be harder for you to get a loan to buy a car, buy a home, or start a business. Besides using a checking account for most.
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